Volvo Penta provides engines and power systems for leisure and commercial craft, as well as for industrial applications such as diesel-powered gensets, cranes and container handlers.
Number of employees: 1,358
Position on world market: Volvo Penta is the world’s largest producer of diesel engines for leisure boats and a leading, independent producer of industrial engines.
By delivering high-tech products with a focus on performance, reliability and environmental characteristics, and by satisfying customer demands for efficient service solutions, Volvo Penta has become a leading global supplier with one of the strongest brands in the industry.
With approximately 4,000 dealers in some 130 countries, Volvo Penta has a uniquely strong global presence.
Volvo Penta contributes with substantial synergies and economies of scale to the Volvo Group’s total production of diesel engines and transmissions. Roughly 10% of the Group’s total volume of diesel engines are sold by Volvo Penta. The majority of these volumes consists of industrial engines for gensets – a business where Volvo Penta has market-leading positions through customers such as SDMO, Genpower, Kohler and Shanghai Dingxin Electric Group.
The ambition is to significantly increase the sales in other industrial engine segments such as mining equipment, stone crushers and materials handling. Global customers in these segments – for instance Kalmar Industries, Pramac and Sandvik – can utilise Volvo Group’s complete product and service offering to have global support for their operations.
On the marine engine side, Volvo Penta delivers engines and drive systems to world-leading boat builders such as Fairline, Sunseeker, Riviera, Four Winns, Jeanneau/Beneteau and Cranchi.
With innovative technological solutions and integrated drive systems, Volvo Penta creates considerable advantages for customers in the form of lower fuel consumption, increased comfort onboard and more efficient boat production.
During the year, Volvo Penta celebrated 10 years of IPS production, the acclaimed drive system with forward-facing propellers and steerable drive units that was launched in 2005. The IPS program has gradually been extended with new and larger drive units linked to the Volvo Group’s 11-liter and 13- liter engines, which means that Volvo Penta can offer drive systems for boats up to 100 feet.